https://knews.kathimerini.com.cy/en/news/cbc-to-keep-dividends-low-despite-bank-profits
The increased profitability of Cypriot banks, will not affect the supervisory authorities’ views over the necessity to maintain a prudent policy with respect to banks’ dividend payments, the Central Bank of Cyprus said in its annual report for 2023, published on Wednesday....
https://knews.kathimerini.com.cy/en/news/ygea-farm-receives-accolade-for-organic-egg-production
George Konstantinides established Ygea Farm two decades ago in the fertile meadows just outside Mathiatis. ...
https://knews.kathimerini.com.cy/en/news/ecb-concerned-over-cypriot-bank-profit-tax-proposal
In 2023, Cypriot banks reported unprecedented profits, marking a 15-year high, with projections suggesting even greater earnings in 2024....
https://knews.kathimerini.com.cy/en/news/fitch-elevates-hellenic-bank-s-credit-rating
Fitch Ratings has upgraded Hellenic Bank's Long-Term Issuer Default Rating (IDR) to 'BBB-' from 'BB+', with stable outlook and its Viability Rating (VR) to 'bbb-' from 'bb+'.
...
https://knews.kathimerini.com.cy/en/news/cyprus-and-u-s-celebrate-strengthened-ties-at-u-s-independence-day-event
The 248th anniversary of U.S. Independence was marked with a grand celebration hosted by the U.S. Embassy in Nicosia on Tuesday evening....
https://knews.kathimerini.com.cy/en/news/great-seat-interconnector-study-outlines-benefits-july-11
The Greek Regulatory Authority for Energy (RAAEU) has made a significant decision regarding the methodology for calculating the regulated revenue......
https://knews.kathimerini.com.cy/en/news/presidential-palace-achieves-zero-waste-milestone
The Presidential Palace has become the first government building in Cyprus to receive the "Zero Waste to Landfill" certification, setting a strong environmental example for the nation....
https://knews.kathimerini.com.cy/en/news/cyprus-higher-education-sees-doubling-of-student-enrollment-over-past-decade
Health Minister Michalis Damianos praised the dramatic growth of Cyprus' student population during a graduation ceremony at the University of Frederick in Nicosia on Friday....
https://knews.kathimerini.com.cy/en/news/employee-earnings-in-cyprus-rise-by-5-7-in-early-2024
The average gross monthly earnings of employees in the first quarter of 2024 increased by 5.7%, reaching €2,378, compared to €2,251 in the same period of 2023, according to preliminary data from the Statistical Office....
https://knews.kathimerini.com.cy/en/business/zero-vat-on-essential-goods-until-september-2024
Cyprus' Tax Department has announced a zero rate of Value Added Tax (VAT) on essential goods until September 30, 2024, following a decree issued by the Cabinet. This measure aims to alleviate financial burdens on consumers amid economic challenges....
https://knews.kathimerini.com.cy/en/news/banks-contribute-over-€854m-in-taxes-amid-controversy-over-proposed-levy
In the last seven years (2017-2023), Cypriot banks have collectively paid more than €854 million in income tax, special taxes, and VAT, according to a report by Panayiotis Rouglas in last Sunday's Kathimerini....
https://knews.kathimerini.com.cy/en/business/monthly-car-auction-returns-to-larnaca-featuring-bank-of-cyprus-vehicles
Car enthusiasts and bargain hunters alike will converge once again on Mosfiloti, Larnaca, as the monthly car auction resumes its cycle....
https://knews.kathimerini.com.cy/en/news/kedipes-hits-€1-36b-milestone-in-state-aid-repayments
KEDIPES has announced a €60 million cash repayment made on June 26, 2024, as part of its ongoing efforts to repay state aid received by the former......
https://knews.kathimerini.com.cy/en/business/top-cypriot-producers-honored-for-their-culinary-excellence
Ten Cypriot agri-food producers were honored at the 10th ''Gastronomos'' Quality Awards on Thursday evening, June 27, 2024. The event, held at the old Nicosia Town Hall, celebrated a decade of achievements in Cypriot gastronomy and the promotion of local products....
https://knews.kathimerini.com.cy/en/news/10th-gastronomos-quality-awards-tonight
On Thursday evening, June 27, the 10th Gastronomos Quality Awards will take place at the Old Nicosia Town Hall in Eleftherias Square, celebrating under the motto "Our place. Our people."...
https://knews.kathimerini.com.cy/en/news/ict-sector-powers-cyprus-economic-growth
Almost all of the productivity growth in Cyprus' economy over the past three years can be attributed to the Information and Communication Technology......
https://knews.kathimerini.com.cy/en/news/cypriot-producers-to-be-feted-at-10th-gastronomos-quality-awards
Gastronomos magazine and Kathimerini newspaper are set to honor Cypriot producers at the 10th annual Quality Awards ceremony, highlighting a decade of dedication to preserving the island's rich culinary heritage....
https://knews.kathimerini.com.cy/en/news/eurobank-gains-green-light-for-100-acquisition-of-hellenic-bank
The Cyprus Securities and Exchange Commission (the “CySEC”) approved on 25 June 2024, the publication of the Takeover Bid Document for the acquisition by Eurobank S.A. of up to 100% of the issued share capital of Hellenic Bank, whose shares are listed on the Main Market of the Cyprus Stock Exchange (“CSE”).
...
https://knews.kathimerini.com.cy/en/news/cyprus-has-a-long-way-to-go-when-it-comes-to-ev-s
Cyprus lags behind the rest of the European Union in the adoption of battery electric vehicles (BEVs), according to data from the European Alternative Fuels Observatory (EAFO). While growth is noted and targets seem achievable, the country's rate of electric car use remains among the lowest in the EU....
https://knews.kathimerini.com.cy/en/news/kedipes-sends-first-approvals-for-mortgage-to-rent-scheme
State-owned asset management company, KEDIPES began sending the first approvals for eligible borrowers as part of the government-funded mortgage-to-rent scheme....
https://knews.kathimerini.com.cy/en/news/eib-to-open-local-office-in-cyprus
The Ministry of Finance announced the opening of a local office of the European Investment Bank (EIB) in Cyprus, highlighting the significant benefits it will bring to the country....
https://knews.kathimerini.com.cy/en/news/sklavenitis-expands-to-27-stores-with-papantoniou-deal
Sklavenitis Cyprus has announced the integration of Papantoniou Supermarkets into its network....
https://knews.kathimerini.com.cy/en/news/government-extends-subsidies-to-ease-cost-of-living-crisis
The Cabinet approved a proposal on Wednesday by Finance Minister Makis Keravnos to extend measures aimed at compensating for the living costs of Cypriot households. Government Spokesperson Konstantinos Letymbiotis announced the decision following the Cabinet meeting....
https://knews.kathimerini.com.cy/en/news/cyprus-nears-visa-free-us-travel-in-final-stages
sident of the Republic Nikos Christodoulides said Wednesday that Cyprus is at the final stage regarding joining the Visa Waiver Program thus becoming eligible for visa-free entry into the USA....
https://knews.kathimerini.com.cy/en/news/government-extends-electricity-subsidies-amid-high-temperatures
Cyprus will extend electricity subsidies until the end of October to help citizens cope with the high summer temperatures, President Nicos Christodoulides announced after a Cabinet meeting on Tuesday....
https://knews.kathimerini.com.cy/en/news/cyprus-to-sell-1-billion-bond-after-improved-credit-ratings
The Republic of Cyprus is expediting its return to the financial markets, seeking to leverage recent credit rating upgrades by Fitch and Standard & Poor's......
https://knews.kathimerini.com.cy/en/news/cbc-projects-3-gdp-growth-in-2024
The Central Bank of Cyprus has revised its 2024 forecast for GDP growth to 3%, from 2.8% that was expected last March, mainly due to the upward revision of domestic demand, while it maintained its forecast for growth in the years 2025 and 2026, at 3.1% and 3.2%, respectively....
https://knews.kathimerini.com.cy/en/comment/opinion/cyprus-reforms-are-a-comedy-of-errors-in-governance
Following last Sunday's vote, the much-publicized local government reform will take effect on July 1. This, like many other reforms, has been carried out in typical Cypriot fashion. ...
https://knews.kathimerini.com.cy/en/news/will-cabinet-decide-to-extend-electricity-subsidies-to-consumers
The government is poised to discuss the renewal of the electricity subsidy measure, set to expire on June 30, at its upcoming Cabinet meeting, according to a report by Kathimerini's Hectoras Georgiou....
https://knews.kathimerini.com.cy/en/news/ft-biden-eases-path-to-citizenship-for-500-000-undocumented-spouses
President Joe Biden is set to announce a major reform to U.S. immigration policy, offering up to 500,000 undocumented spouses of American citizens an easier path to legal status and U.S. citizenship. ...
